Traditionally, spring and summer are the hottest times for buying homes. Things slow down in the fall and winter. But that doesn’t mean that they hibernate for months. On the contrary, smart buyers use the slower winter months to their advantage. So, why does buying a Havasu home in the winter make both dollars and sense? Read on to find out.
Buying a Havasu Home in the Winter
Competition Tapers Off
With fewer buyers on the market, there’s less competition for Havasu homes on the market. There’s a lower chance that you’ll find yourself in a bidding war for a property when fewer people search. Let others go shopping for their holiday deals at the mall. You could be celebrating the new year in your new home instead.
Sellers REALLY Want to Sell Their Homes
Winter sellers tend to be more motivated. Perhaps they really need to sell their home so that they can move on before the kids start up their new semester. Maybe their property entered the market just after Halloween and they want it sold already. Or, it may be that they want to get their home sold by the end of the year for tax reasons. Whatever the motivation behind it may be, many end-of-year sellers are even more open to negotiation when presented with a decent offer. As a Havasu home buyer, you can make this work to your advantage.
Tax Breaks Still Available for 2017
Owning a home offers a few perks when it comes to tax time. Some of your closing costs, mortgage interest, and real estate taxes may also be deducted at tax time next year. Also, some Arizona communities allow a homeowner’s tax exemption. Contact the Mohave County Tax Assessor’s office to find out if you qualify. If you wait until after the new year, you may lose out on some of these tax breaks.
Availability of Professionals
Since the Lake Havasu real estate market tends to slow down at this time of year, professionals in the real estate field and those performing services for people in the real estate field tend to be less busy as well. Many real estate agents, contractors, inspectors, title companies, etc. want to get as much work on the books for this year as possible. So, they might be more willing to expedite your requests to get a sale finalized by the end of the year. That way, everyone wins.
When it comes to taxes, always discuss your options with your tax professional first. If you’re interested in moving into your new Havasu home before 2017 ends, contact me. Even though the market has slowed down, it still takes time to find, purchase and finalize your Havasu home sale. Let’s get started today!